Comment Text:
10-005
COMMENT
CL-02059
From:
Sent:
To:
Subject:
Nguyen, Anh
Thursday, April 8, 2010 8:52 AM
Metals Hearing
Comments on issue of position limits
Dear Mr. or Ms.
Thank for the opportunity to comment on the issue of position limits for precious metals. Please establish
a speculative position limit in COMEX silver of no more than 1500 contracts. Please restrict any hedging
exemptions from those limits to legitimate hedgers. Please stop the levels of concentration in COMEX
silver futures that have been experienced over the past few years on the short side of the market.
Your attention to this matter is greatly appreciated by all investors.
Sincerely,
Anh
Anh Nguyen CPA (Pennsylvania), MST ] Manager - US Taxation KPMG LLP ]
600 De Maisonneuve Blvd. West ] Suite 1500 ] Tour KPMG ] Montreal, Quebec H3A 0A3 ]
Tel: 514.840.2460 I cell: 514.898.1977 I e-Fax: 514.840.26241
[email protected]
ANY TAX ADVICE IN THIS COMMUNICATION IS NOT INTENDED OR WRITTEN BY KPMG TO BE USED, AND CANNOT BE USED, BY A CLIENT
OR ANY OTHER PERSON OR ENTITY FOR THE PURPOSE OF (i) AVOIDING PENALTIES THAT MAY BE IMPOSED ON ANY TAXPAYER OR (ii)
PROMOTING, MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY MATTERS ADDRESSED HEREIN.
Any advice in this communication is limited to the conclusions specifically set forth herein and is based on the completeness and accuracy of the stated
facts, assumptions and/or representations included. In rendering our advice, we may consider tax authorities that are subject to change, retroactively
and/or prospectively, and any such changes could affect the validity of our advice and may result in incremental taxes, interest or penalties. We will not
update our advice for subsequent changes or modifications to the law and regulations, or to the judicial and administrative interpretations thereof
KPMG°s advice is for the sole use of KPMG°s client. The advice is based on
the specific facts and circumstances and the scope
of KPMG's
engagement
and is
not intended
to be relied upon by any other person. KPMG disclaims any responsibility or liability for any reliance that
any person other than
the client
may place on this advice.
Ce message ~lectronique s'adresse exclusivement it la personne ou it l'entit~ dont le nom figure it la
rubrique
destinataire; il peut contenir des renseignements de nature confidentielle ou privil~gi~e sur le plan
juridique.
Nulle autre personne ne doit y avoir acc~s.
Si vous n'~tes pas le destinataire convenu, nous vous avisons par la pr~sente que toute diffusion,
distribution
ou reproduction de ce document, ainsi que toute mesure prise ou omise it l'~gard de la pr~sente, est
formellement interdite et pourrait ~tre illicite. Si un message ~lectronique est destin~ it l'un de nos clients,10-005
COMMENT
CL-02059
sachez que toute opinion ou tout avis contenu dans le message est assujetti aux conditions du contrat
r~gissant
le mandat de KPMG aupr~s du client.
The information in this email is confidential and may be legally privileged. It is intended solely for the
addressee.
Access to this email by anyone else is unauthorized.
If you are not the intended recipient, any disclosure, copying, distribution or any action taken or omitted
to be
taken in reliance on it, is prohibited and may be unlawful. When addressed to our clients any opinions or
advice
contained in this email are subject to the terms and conditions expressed in the governing KPMG client
engagement contract.
